AT&T (XSGO:T) Cash And Cash Equivalents : $3,520 Mil (As of Mar. 2024)

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What is AT&T Cash And Cash Equivalents?

AT&T's quarterly cash and cash equivalents declined from Sep. 2023 ($7,540.00 Mil) to Dec. 2023 ($6,722.00 Mil) but then stayed the same from Dec. 2023 ($6,722.00 Mil) to Mar. 2024 ($3,520.00 Mil).

AT&T's annual cash and cash equivalents declined from Dec. 2021 ($19,223.00 Mil) to Dec. 2022 ($3,701.00 Mil) but then increased from Dec. 2022 ($3,701.00 Mil) to Dec. 2023 ($6,722.00 Mil).

AT&T Cash And Cash Equivalents Historical Data

The historical data trend for AT&T's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AT&T Cash And Cash Equivalents Chart

AT&T Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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12,130.00

9,740.00

19,223.00

3,701.00

6,722.00

AT&T Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															2,821.00	9,528.00	7,540.00	6,722.00	3,520.00

AT&T Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

AT&T (XSGO:T) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

AT&T Cash And Cash Equivalents Related Terms

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AT&T (XSGO:T) Business Description

Industry

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Address

208 S. Akard Street, Dallas, TX, USA, 75202

Website

https://www.att.com

The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 18% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.